Wellchange Holdings Company Limited (NASDAQ:WCT) Short Interest Update

Wellchange Holdings Company Limited (NASDAQ:WCT) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 11,997 shares, a growth of 183.5% from the February 12th total of 4,232 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 116,780 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 116,780 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Wellchange stock. Citadel Advisors LLC acquired a new position in Wellchange Holdings Company Limited (NASDAQ:WCT) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 89,621 shares of the company’s stock, valued at approximately $32,000. Citadel Advisors LLC owned approximately 0.19% of Wellchange as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Wellchange in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Wellchange presently has a consensus rating of “Sell”.

Wellchange Stock Up 3.0%

NASDAQ WCT opened at $3.87 on Friday. The business has a 50 day moving average price of $6.98 and a 200 day moving average price of $11.04. Wellchange has a 1-year low of $3.03 and a 1-year high of $29.00.

Wellchange Company Profile

Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on subscription services to support back-office and front-office functions, such as finance and accounting, procurement, manufacturing, inventory management, order management, warehouse management, supply chain management, customer relationship management, professional services automation, project and file management, human resources management, e-commerce, and marketing automation.